Chelsea Reports Pre-Tax Profit Following Women’s Team Restructuring

Chelsea FC announced a pre-tax profit of £128.4 million (approximately $165.83 million) for the financial year ending in June, despite a downturn in revenue due to the strategic repositioning of their women’s team, the Premier League club revealed on Monday.

This profit, bolstered by the sale of player registrations, stands in stark contrast to the previous year’s loss of £90.1 million, which marked the first year under the ownership of Todd Boehly’s consortium.

Last June, the women’s team was transferred from Chelsea FC Holdings Limited to BlueCo, Boehly’s consortium, effectively eliminating any losses from Chelsea Women on the club’s balance sheet, while Chelsea Holdings benefitted from the payment made by BlueCo.

The profit from the sale of subsidiaries amounted to £198.7 million, with profits from player registration disposals reaching £152.5 million.

Overall, Chelsea’s revenue dipped from £512.5 million in 2023 to £468.5 million, a decline attributed to the men’s team’s absence from the Champions League.

However, the club saw an increase in broadcasting earnings due to their sixth-place finish in the Premier League, coupled with solid performances in cup competitions. Additionally, there was a reduction in operational costs along with growth in commercial and matchday revenue.